Mozal

{{Short description|Mozambican aluminium company}}

{{for|the village in Iran|Mozal, Iran}}

{{Infobox company

| name = MOZAL, SARL

| logo = Mozal logo.png

| type = Subsidiary

| foundation = {{Start date and age|1998}}

| location = Maputo, Mozambique

| num_employees = 993

| num_employees_year = 2021

| parent = South32

| revenue = {{Increase}} $1.098 billion {{Cite web |title=Top 100 Companies in Mozambique |url=https://media.licdn.com/dms/document/C561FAQEv53lZZ1GcTw/feedshare-document-pdf-analyzed/0/1673355013086?e=1675296000&v=beta&t=pC65zDH6LwNRC3qXYHYJmYGQ9ZCPWiXwHiW5aVi4dY0 |access-date=2023-01-26 |website=KPMG |publisher=KPMG Moçambique |format=PDF}}

| revenue_year = 2021

| net_income = {{Increase}} $ 123 million

| net_income_year = 2021

| industry = Aluminium

| products = aluminium products, aluminium alloys

| homepage = [https://www.south32.net/our-business/southern-africa/mozal-aluminium www.south32.net]

}}

Mozal is an aluminium smelter joint project in Beluluane Industrial Park, Maputo, Mozambique.{{Citation|url=http://www.mozal.com/ |title=Mozal Overview |year=2008 |publisher=Mozal |location=Mozambique |url-status=unfit |archiveurl=https://web.archive.org/web/20080430144716/http://www.mozal.com/ |archivedate=April 30, 2008 }} The project is a smelting facility that began operations as a producer of aluminium exclusively for export. The smelter is located {{convert|20|km|mi}} west of the city of Maputo in the south of the country.

Mozal was a joint venture between BHP Billiton (47.1 percent), Mitsubishi Corporation (25 percent), Industrial Development Corp. of South Africa (24 percent), and the Government of Mozambique (3.9 percent).{{Citation

| url = http://www.bhpbilliton.com/home/businesses/aluminium_nickel/pages/default.aspx

| title = Aluminium and Nickel

| year =

| publisher = BHP Billiton

| location =

}}

The project began life in 1998 as part of a recovery programme led by the Mozambican government’s active desire for foreign investment to help rebuild the nation after the country's civil war in the early 1990s.{{Citation

| url = http://www.mitsubishicorp.com/jp/en/csr/sustainability/sustainability06.html

| title = Aluminium Business and Regional Development

| year = 2012

| publisher = Mitsubishi Corporation

| location = Japan

}}

The Mozal smelter was officially opened in September 2000. It was the first major foreign investment in Mozambique and is the biggest private-sector project in the country.

Originally commissioned as a 250 ktpa (250,000 tonnes per annum) smelter, Mozal was followed by an extension (Mozal II) in 2003-04, and it is now the largest aluminium producer in Mozambique and the second-largest in Africa having a total annual production of around 580,000 tonmes. It is responsible for 30 percent of the country’s official exports and also uses 45 percent of the electricity produced in Mozambique.{{Citation

| url = https://www.theguardian.com/global-development/2013/jan/08/mozambique-smelting-profits-foreign-coffers

| title = Mozambique smelting profits should not fill foreign coffers, say campaigners

| work = The Guardian

| publication-place = England

| location=London

| first=Mark

| last=Tran

| date=8 January 2013

}}

In February 2013, Mozal signed an agreement under which it would supply 50,000 tonnes of aluminium to Midal Cables, one of the world's largest manufacturers of aluminium cables.{{Citation

| url = http://allafrica.com/stories/201302160027.html

| title = Mozal aluminium to be used in Mozambican industry

| year = 2013

| publisher = AllAfrica

| location = Africa

}}

Midal's factory in Mozambique started operation in 2014, with a capacity of 50 ktpa of aluminium rods and 24 ktpa of aluminium wire.{{cite web |title=Midal Cables International Limitada – Mozambique |url=https://www.midalcable.com/midal-cables-international-limitada-mozambique |website=Midal Cables |access-date=25 March 2024}}

BHP Billiton holdings were demerged into South32.{{Cite web|title = Demerger|url = https://web.archive.org/web/20150522012735/http://www.bhpbilliton.com/home/investors/Pages/South32Demerger.aspx|website = BHP|accessdate = 2015-06-18}} South32 currently owns 63.7%, Mitsubishi Corporation (through MCA Metals Holding GmbH), the Industrial Development Corporation of South Africa and the Government of Mozambique share the remaining ownership interest.{{Cite web|title = Ownership 2023|url = https://www.south32.net/our-business/southern-africa/mozal-aluminium|website = South32|accessdate = 2023-01-23}}